The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global armored vehicles market size reached US$ 15.75 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.98 Billion by 2027, exhibiting a growth rate (CAGR) of 6.15% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Armored vehicles are automobiles specially designed with partial or complete armor plating to withstand explosions and attacks. Armored personal carriers, infantry fighting vehicles, main battle tanks, tactical trucks, buses, limousines, and sedans are common product variants. These vehicles provide high protection against basaltic threats, including missiles, bullets, and improvised explosives devices (IEDs). They are also used to transport military personnel and valuable items, such as money and jewelry. Armored vehicles are often fitted with weapons and a protective shell manufactured from multiple plates of corrosion-resistant steel, steel alloys, or special composite materials. Besides this, they offer better performance and higher reliability and durability to withstand attacks.
The increasing product demand from defense forces across the globe is creating a positive outlook for the market. Armored vehicles are used for frontline combat, armed escorting, surveillance, and goods transportation on battlefields. The rising popularity of armored vehicles can also be attributed to the rapid militarization of law enforcement agencies to combat internal security challenges, which, in turn, is acting as another growth-inducing factor. Furthermore, the widespread adoption of armored passenger vehicles for self and family protection, safeguarding public figures, and securing valuable materials due to increasing insurgent activities and rising threat levels is favoring the market growth. Additionally, the integration of an active protection system (APS) that uses launchers, sensors, tracking radar, and countermeasure munitions to automatically detect and counteract incoming threat projectiles is providing an impetus to the market growth. Moreover, the increasing adoption of unmanned variants by defense forces to carry out intelligence, surveillance, and reconnaissance (ISR) and combat operations is propelling the market growth. Other factors, including rising incidences of asymmetric warfare across the globe, increasing military modernization, growing production of modular armored vehicles, and the implementation of various government initiatives toward strengthening the armed forces, are anticipated to drive the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global armored vehicles market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, system and drive type.
Breakup by Product:
Breakup by System:
Breakup by Drive Type:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, INKAS Armored Vehicle Manufacturing, International Armored Group, IVECO, Krauss-Maffei Wegmann GmbH & Co. KG (KMW+Nexter Defense Systems N.V.), Lenco Armored Vehicles Inc, Lockheed Martin Corporation, Oshkosh Defense, LLC (Oshkosh Corporation), Rheinmetall AG and Textron Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Product, System, Drive Type, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, INKAS Armored Vehicle Manufacturing, International Armored Group, IVECO, Krauss-Maffei Wegmann GmbH & Co. KG (KMW+Nexter Defense Systems N.V.), Lenco Armored Vehicles Inc, Lockheed Martin Corporation, Oshkosh Defense, LLC (Oshkosh Corporation), Rheinmetall AG and Textron Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Automotive Thermoelectric Generator Market by Component (Thermoelectric Module, Cooling Plates, Heat Exchangers, and Others), Material (Magnesium Silicide, Bismuth Telluride (Bi2Te3), Lead Telluride (PbTe), Skutterudite), Vehicle Type (Passenger Cars, Commercial Vehicles), Application (Waste Heat Recovery, Energy Harvesting, Direct Power Generation, Co-generation), and Region 2023-2028
Automotive Display System Market by Technology (LCD, TFT-LCD, OLED, Digital Lighting Processing (DLP), Plasma Panels), Display Size (Less than 5”, Between 6” to 10”, Greater than 10”), Application (Head Up Display, Instrument Cluster, Center Stack Display, Rear Seat Entertainment Display, Rear View Mirror Display, Portable Navigation Device, and Others), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Buses & Coaches, Trucks), Sales Channel (OEM, Aftermarket), and Region 2023-2028
Automotive Cloud Market by Propulsion Type (IC Engine Vehicle, Electric Vehicles), Deployment (Public Cloud, Private Cloud), Vehicle Type (Passenger Vehicles, Commercial Vehicles), Application (Infotainment Systems, Telematics, Fleet Management, OTA (Over The Air) Systems, ADAS (Advanced Driver-Assistance Systems), and Others), and Region - 2023-2028
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at